Key Exploration:

6,012m underground diamond drilling and 2,205m of crosscuts carried out to upgrade resources to indicated category and refine the resource model

A test stope and a preliminary economic assessment study were completed; however, given Orisyvo would be a new district and thus require significant investment in infrastructure, development was deferred

Additional metallurgical and engineering studies carried out; 7,000 hectares of claims were optioned at the adjacent Uruachic gold-silver district and exploration

Continued evaluation of the economic viability of this project

Currently expected to commence production in 2021

Channel sampling and a revision of the resource models conducted at the Orisyvo gold deposits where preliminary economic studies will be advanced in 2017